Following its product experience event at the Portimao circuit in September, Davanti has announced a new partnership with the Autodromo Internacional do Algarve Racing School in Portugal. For the next two years all vehicles at the AIA Racing School will be fitted with Davanti Tyres. Models include a Porsche Cayman S, Audi RS3, Audi TTS, Honda Civic Type-R and two Ginettas, All professional racing tuition, track experiences, and driving demonstrations will be performed on Davanti’s DX640 tyres, with the exception of the Ginettas, which will race on the DX390 pattern.
Liberty Media Corporation and CVC Capital Partners have announced that Liberty Media has agreed to acquire Formula One, the iconic global motorsports business, from a consortium of sellers led by CVC. Liberty Media owns interests in a broad range of media, communications and entertainment businesses.
The consideration comprises cash and newly issued shares in the Liberty Media Group tracking stock (LMCK) and a debt instrument exchangeable into shares of LMCK. The transaction price represents an enterprise value for Formula One of $8.0 billion and an equity value of $4.4 billion.
Autosport International, Europe’s largest dedicated motorsport trade show, celebrates its 25th show 8-11 January 2015 at Birmingham’s NEC. The next show begins with two days dedicated to industry, including Autosport Engineering, and the ongoing evolution of motorsport reflected in the new Low Carbon Racing and Automotive Show. In 2012, Britain’s Motorsport Valley generated £9 billion […]